secwatch.observer — SEC 8-K summary
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Issuer:     XTI Aerospace, Inc. (XTIA)
CIK:        0001529113
Form:       8-K
Filed at:   2025-06-26T23:59:59+00:00
Accession:  0001213900-25-058481
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

XTI Aerospace raises $16M in public offering of common stock and warrants
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- Offered 9.14M shares (or pre-funded warrants) and 9.14M common warrants at $1.75/unit.
- Gross proceeds $16M; net proceeds ~$14.4M after underwriting discounts and expenses.
- Underwriters exercised over-allotment for 1.37M additional common warrants.
- Net proceeds to fund working capital and development of TriFan 600 aircraft.
- Lock-up agreements: company 60 days, executives/directors 90 days from June 24, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529113/000121390025058481/0001213900-25-058481-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529113/000121390025058481/ea0246971-8k_xtiaero.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-058481

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer